Financial Instrument Security Technology Services
Over $139B is lost in fraudulent checks each year. FISTS, Inc will greatly reduce check fraud and earn a huge profit doing it.
- Stage Product In Development
- Industry Financial Services
- Location New Haven, CT, USA
- Currency USD
- Employees 2
Company Summary
Each year approximately $139 billion dollars is lost by businesses due to them accepting checks that were later determined to be fraudulent. We have developed a process for inspecting each check and verifying that it is valid. We have been using the process manually with 70 businesses in the greater St. Louis area with non-banks such as Check Cashing, Grocery and Convenience Stores, Gas Stations, etc. 60% of all checks are cashed at non-banks.
Team
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Kevin G EwingCEO
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Michael Leslie AbernathyBusiness Advisor
Advisors
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Paul Hughes - Wiggin and Dana, LLPLawyerUnconfirmed
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